Fidelity Total Bond ETF $FBND Shares Bought by Summit Financial LLC

Summit Financial LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 428,567 shares of the company’s stock after purchasing an additional 32,696 shares during the quarter. Summit Financial LLC owned 0.08% of Fidelity Total Bond ETF worth $19,846,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Total Bond ETF by 3.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after purchasing an additional 2,925,667 shares during the period. Bank of America Corp DE raised its holdings in shares of Fidelity Total Bond ETF by 5.6% during the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after acquiring an additional 683,930 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares during the last quarter. Sagespring Wealth Partners LLC raised its holdings in shares of Fidelity Total Bond ETF by 3.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after acquiring an additional 311,221 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Fidelity Total Bond ETF by 25.2% during the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after acquiring an additional 1,887,404 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.53 on Friday. The business has a 50 day simple moving average of $45.62 and a two-hundred day simple moving average of $45.98. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock has a market capitalization of $25.51 billion, a P/E ratio of 8.94 and a beta of 0.27.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.